Social ecommerce innovator hits $10 million in online mall sales within first 6 months
DALLAS – March 31, 2010 – Blastoff Network today announced it has reached a milestone of $10 million in online mall sales since the company’s launch in October, 2009. The company’s success demonstrates the influence social networks can have over online shopping behavior as well as the growing adoption of cash-back shopping sites.
“Blastoff Network sits at the intersection of 2 major trends – a massive expansion in online retail and the explosion in social networking,” said William Rodgers, Blastoff Network Founder and CEO. “Our business strategy is to leverage these 2 trends and we’re seeing rapid growth having achieved $10 million in online mall sales within our first 6 months. We’re poised for continued growth because our technology is allowing users to create a new social shopping experience and monetize their social networks at the same time.”
Blastoff Network enables users to communicate in real-time with friends, family and acquaintances, creating the opportunity to recommend products, share memorable shopping experiences and suggest the best deals. The technology not only allows members to shop socially, but monetize their social networks by offering them cash-back when they shop – and when their friends shop.
Blastoff Network has achieved another significant milestone – the online shopping mall now houses more than 600 of today’s most popular retailers. For consumers, this represents the opportunity to receive cash back and the best deals while shopping with their favorite stores online. For retailers, this represents an opportunity to create a new level of brand awareness and support using social media tools.
Joining the social shopping revolution is simple. An individual becomes a member through an easy, one-step sign-up process. Once sign-up is complete, the only thing members need to do is shop through Blastoff Network’s online mall, and their rewards will be tracked through an easy-to-use reporting system, which keeps track of all paid and pending transactions.
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About Blastoff Network
Blastoff Network is an intelligent, centralized ecommerce platform that maximizes consumer value by helping online shoppers find great deals on great products, and by delivering cash back on purchases they make. Blastoff Network was developed – and is owned and operated – by Blastoff Communications, LLC, a Texas-based company. Since its launch in October, 2009, Blastoff Network has experienced explosive growth, having generated more than $10 million in gross mall sales and signed-up more than 600 online retailers in its first 6 months.
Press Contact:
Aaron Mathews
Blastoff Network Director of Marketing and Social Media
214-546-1778
pr@blastoffnetwork.com
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